Milan: positive day for D'Amico
(Teleborsa) - The International marine transportation company increases its performance, climbing +1.99%.The weekly view shows the share's trend line moving parallel to the FTSE Italia Mid Cap benchmark index, which confirms that D'Amico's movements are determined by its reference market rather than by any events linked to the share itself.
The technical picture is visibly deteriorating, with support in the 4.288 Euros area. On the upside, the main exit level is seen at 4.408. D'Amico's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 4.222.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 11-20-2024 09:35 AM